Common use of THE PARTIES TO COUNCIL THEREFORE AGREE AS FOLLOWS Clause in Contracts

THE PARTIES TO COUNCIL THEREFORE AGREE AS FOLLOWS. 4.1 The employer shall pay a performance bonus payable to employees who shall have satisfactorily reached targets as set by the employer and agreed upon in the annual work plan of the employee in terms of the Key Performance Areas to be agreed upon. 4.2 The performance bonus in 4.1 above shall be calculated at 10% of the annual salary notch of the employee 4.3 The employer shall reward top achievers in the National Teacher Awards from Provincial and National levels by rewarding category achievers by an additional 2 notches on their current notches for each level. 4.4 To establish a Task Team to develop clear regulations and procedures for implementation of above measures. 4.5 Parties to ELRC commit themselves to finalisation of the work of the Task Team as defined in 4.4 above within three months of its inception for implementation during the financial year 2015/2016.